Rheos Capital Works Inc. Has $8.19 Million Stake in XP Inc. $XP

Rheos Capital Works Inc. raised its position in XP Inc. (NASDAQ:XP) by 66.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 500,000 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Rheos Capital Works Inc. owned 0.09% of XP worth $8,185,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of XP. EverSource Wealth Advisors LLC increased its stake in shares of XP by 65.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after acquiring an additional 646 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of XP in the 4th quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its stake in shares of XP by 1,783.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock valued at $53,000 after acquiring an additional 2,675 shares in the last quarter. Vestcor Inc bought a new stake in shares of XP in the 3rd quarter valued at $64,000. Finally, Virtus Advisers LLC bought a new stake in shares of XP in the 3rd quarter valued at $75,000. Institutional investors own 59.15% of the company’s stock.

XP Stock Performance

Shares of XP stock opened at $19.79 on Thursday. The firm has a market capitalization of $10.64 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.26. The firm has a fifty day simple moving average of $19.72 and a two-hundred day simple moving average of $18.48. The company has a current ratio of 5.36, a quick ratio of 6.12 and a debt-to-equity ratio of 0.01. XP Inc. has a 12 month low of $12.23 and a 12 month high of $23.13.

XP (NASDAQ:XP) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $806.08 million during the quarter. XP had a net margin of 27.51% and a return on equity of 23.08%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.23 EPS. Analysts forecast that XP Inc. will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on XP shares. UBS Group lifted their price objective on shares of XP from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research upgraded shares of XP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of XP in a research note on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on shares of XP in a research note on Monday, January 19th. They set a “buy” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, XP currently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

About XP

XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.